Broadway Financial Corporation

Broadway Financial Corporation (BYFC) reported a significant net loss of $23.9 million for Q3 2025, ending September 30, 2025, driven primarily by a $25.9 million goodwill impairment charge. This compares to prior periods without specific QoQ figures disclosed in the filing. Total interest income reached $15.8 million, supported by $13.4 million from loans receivable, $1.7 million from available-for-sale securities, and $683K from other sources. Net interest income was $8.6 million after $7.2 million in interest expense. Non-interest income contributed $422K, while non-interest expenses totaled $31.5 million, including compensation and benefits at $4.3 million and the goodwill impairment. After a $679K provision for credit losses and $736K income tax expense, the net loss attributable to common stockholders was $24.6 million, or -$3 per share (basic and diluted). Total assets stood at $1.34 billion, with loans receivable at $1.01 billion and deposits at $849.2 million. Cash flows showed $2.5 million from operations but a $66.0 million use in investing, leading to a $41.6 million decline in cash equivalents to $19.7 million. The goodwill impairment and high expenses signal challenges, though deposit growth of $103.8 million supports liquidity. Investors should monitor credit quality and expense control for future quarters.

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